Price Action Journal V1.5

So I have a question for all of you. Are you guys more swing trading the larger swings in the /ES or just scalping for small gains? I have just been making alot of quick scalps. It seams like I get scared out quickly but I know I make to many trades in a day.

So do most of you make small 1 - 2 tick scalps or hold out for the bigger 5-7 tick swings and make less trades? Thanks.
 
<i>"So do most of you make small 1 - 2 tick scalps or hold out for the bigger 5-7 tick swings and make less trades? Thanks."</i>

Replace the term = thought of "ticks" with "points(handles)" and then you'll quickly graduate to professional trader mindset.

Trading for ticks is something people always do before they realize what it takes to grow an account balance in real-time with real dollars at work. Common word there is "reality"

Learn to target the 4pt ~ 12pt or even 20pt ES swing moves, and watch the $$$ pile up in your account. With intraday ranges of 40, 50 and 90 points ES here, who in their right mind would even consider several ticks' result a successful trade?
 
Quote from austinp:

<i>"So do most of you make small 1 - 2 tick scalps or hold out for the bigger 5-7 tick swings and make less trades? Thanks."</i>

Replace the term = thought of "ticks" with "points(handles)" and then you'll quickly graduate to professional trader mindset.

Trading for ticks is something people always do before they realize what it takes to grow an account balance in real-time with real dollars at work. Common word there is "reality"

Learn to target the 4pt ~ 12pt or even 20pt ES swing moves, and watch the $$$ pile up in your account. With intraday ranges of 40, 50 and 90 points ES here, who in their right mind would even consider several ticks' result a successful trade?
More...

Thanks, I am pretty new to emini trading. So you wait for more "higher probability" setups for the larger 4-12point moves and play those instead of many small dashes. One of my biggest problems would be watching profits go back down on a trade. I have an ichy trigger finger ;) Thanks for you advice. I will try it out tomorrow.
 
<i>"One of my biggest problems would be watching profits go back down on a trade. I have an ichy trigger finger ;) "</i>

Learning to control that and 1,000 other human-nature "itches" is the difference between gambling and purposeful trading as a professional business operation.

Welcome to the true learning curve... it's a never-ending journey for all!
 
Quote from Anekdoten:

Ya this guy has the hots for me, just like others out there, it's fun being popular on the internet you get love and you get hate.

I think he missed the part on the post where I described what kind of indicators I did use, some people can be dense. Either way it does not really matter this forum is a circus and like all circuses you get all kinds of wild animals, sometimes even freaks.

I'll talk to the programmers have them make an exception with you, this one time, and will get you the indicator you want just for being nice and understanding.

Your lucky day.

I've been considering creating an internet blog in the near future, undecided yet but still under consideration, will keep everyone up to date.

Anek
More...


Please do keep us updated Anek, it seems like an interesting idea...


Glad your still around the forums here and there....

Good trading,


-monday
 
Quote from shakira:

Guess what?. They are ALL 3 BRs. I have marked them in the chart. I'll explain them one by one, maybe you can code them after my explanation:

1-First I have marked orange square dots at BAR2 (pivot bar) of each of the 3BR patterns BEFORE the magic tick BAR4 triangle marks.

2-I'm going to explain a couple of the marks that are most "f...ed up":

a-FU0. Bar2 is the pivot low, the bar inmediately after is an INSIDE BAR (logic is to ignore it as if it wasn't there), BAR3 is then the next bar and BAR4 (with the magic tick triangle marker) is...well, BAR4.

b-FU00. BAR2 is the orange marked pivot low. BAR3 is next and BAR4 is marked with the triangle.

c-Fx: same as FU00, but with orange marker at pivot HIGH.

d-FU1: BAR2 pivot high, next bar INSIDE BAR (ignore), next BAR3, triangle marker BAR4.

e-FU2: BAR2 pivot low orange marker, next is BAR3, the next 2 bars are inside bars (ignore). Trigger triangle on BAR4.

If you get this one, then you get the logic of it all. All the others follow the same logic.

f-FU3 has 3 inside bars after BAR3 (within BAR3). (magic tick triangle trigger appears one tick above high of BAR3).

I have made a bifurcated line marking each triangle trigger to its CORRESPONDING BAR2 pivot.

Now...get coding those F...ed UP triangles!!! :) 'cos if we haven't received the codes yet, the odds are that we ain't getting them...

Thanks again for your efforts JFW.

shakira


PS: I think the logic goes something like this (for a pivot low and up triangle):

BAR2 has a lower or equal low than BAR1.

BAR3 has a higher low and higher high than BAR2, if the high of BAR2 is not higher than the HIGH of BAR1, then it is an INSIDE BAR to be ignored (but it's low is still higher than BAR1 low)

There could be more than one inside bar, before BAR3 is FIXED.

Once BAR3 is fixed, the BAR that prints one tick above the high of BAR3 is BAR4 trigger triangle marker. (Unless market make a lower low than BAR2, in which case everything has to re-set).

Robert Frost:
The best way out is always through.

PS2: I just checked my email box: Anek is certainly a gentleman.

Hello XXX, Sorry I took so long to reply, my email inbox is just out of control, hundreds of emails a day, just complete lunacy. The indicators in my charts were written by professional programmers of the #AHG room, everyone in the room chips in somehow by some form of hardwork. They are not for sale but they are not available either for distribution, they stay within the perimeters of the private #AHG community so I cannot share them. They are not anything special and you certainly don't need them but these were the wishes of the programmers and I must honor their conditions. Best regards, Anek
More...

Awesome post shakira. Thanks a lot.
 
I am sitting here this Sunday evening catching up on what I missed last week (I was out of town). Just have to say that it is nice to see so much activity in the journal. Hope everyone had a good week. See you all in the chat room tomorrow morning.

BYF
 
Quote from BuyYourFreedom:

I am sitting here this Sunday evening catching up on what I missed last week (I was out of town). Just have to say that it is nice to see so much activity in the journal. Hope everyone had a good week. See you all in the chat room tomorrow morning.

BYF
More...

I was wondering where you were BYF! See you in the AM...
 
Quote from andas:

Sorry for the late response, haven't been around for some time...

1: LOTM it is essentially (as I use it) a supp/res flip or vice versa. But I think it really means Low of the morning, so I don't use it "right", but for my own references it's used as a supp/res flip.

2: Short, pullback to the broken supportline was a short IMO, but would have failed of course.

Should you deviate from the trend following?
If you make money of it - fine
But I would say, focus on one thing first, then you can learn the others later. Become an expert first in your main method.
More...

THanks for the response. I also have been away from the computer (traveling) and havent been around the thread. got a lot of catching up to do, when I get back?


oh, and Anek.. you Alliance or Horde? :D What server?
 
You must log in or register to reply here.
Back
Top